Aboitiz invitational up
BusinessMirror - 2015-07-28
We are very happy with the success of the Aboitiz Invitational and we are grateful to be a partner of this event," Aboitiz Equity Ventures senior vice president Ernest Villareal said. Erramon Aboitiz, president and CEO of the sponsoring Aboitiz Equity ...

Calata sued by meat business partner
Manila Bulletin - 2015-07-28
Listed Calata Corporation is trading suits with its partner, the Galicia family, which is now seeking to recover assets entrusted to their joint venture meat business under Brookfields Meat Inc. In a disclosure to the Philippine Stock Exchange, Calata said ...

Ayala Land's high-end subsidiary launches new condo tower in Bonifacio Global City
MSN - 2015-07-27
In a briefing on Tuesday, Ayala Land Premier managing director Jose Juan Z. Jugo said the company has sold 48 of the 420 units of the P11.5-billion West Gallery Place since a month ago. The 49-storey tower offers units ranging in size from 52-square meter ...

SPANISH LANGUAGE IN THE PHILIPPINES
Economic Times - 2015-07-27
Top Frontier Investment Holdings Inc is looking to build a $1.5 billion nickel processing plant in the southern Philippines. IMF predicts Spain's economy will expand by 2.0 percent this year, in line with the Spanish government's forecast, up from the 1.7 ...

Aboitiz invitational up
BusinessMirror. - 2015-07-27
Jay Bayron, winner of the inaugural event in 2011 in Cebu, and recent Luisita leg champion Charles Hong headline the local challenge alongside Elmer Salvador, who won the Aboitiz Invitational in 2012 and 2013, and a slew of local aces, including current ...

Philex Petroleum net loss reached P86M in H1
BusinessMirror. - 2015-07-27
PHILEX Petroleum Corp. widened its net loss for the first-half of the year to P86 million from the first-semester loss of P40.7 million in the same period a year ago on account of lower revenues. Net loss attributable to equity holders of the parent ...

JP Morgan expects improved ROE for local banks
Philstar - 2015-07-27
East West Banking Corporation, the banking unit of the Gotianuns, is also expected to deliver P561 million net income for 2Q 2015, a five percent decrease year-on-year as trading income normalizes. "Sustaining its above-industry loan growth ...

Gaisano may go public this year
Philstar - 2015-07-27
MANILA, Philippines - The Cebu-based Metro Gaisano group is reviving plans to go public this year as it seeks to raise funds to ... Center building at the Cebu Business Park; and Filipino Fund Inc., a publicly-listed closed end mutual fund company.

Philex Petroleum net loss reached P86M in H1
BusinessMirror. - 2015-07-27
PHILEX Petroleum Corp. widened its net loss for the first-half of the year to P86 million from the first-semester loss of P40.7 million in the same period a year ago on account of lower revenues. Net loss attributable to equity holders of the parent ...

Philex Petroleum posts 1st half net loss on low output, crude prices
GMA Network - 2015-07-27
Upstream oil and gas player Philex Petroleum Corporation incurred an P86.0 million consolidated net loss in the first half of the year, more than twice the P40.7-million net loss a year earlier, noting lower output and crude prices. "The net loss ...

Alliance Select to start P1-B stock-rights offer in August
BusinessMirror - 2015-07-27
TUNA canner Alliance Select Foods International Inc. said it will start the offer period of its P1-billion stock-rights offer by the middle of next month as the company hopes to raise funds for its capital expenditures. The company said it will start its ...

Ayala, Puregold launch supermarket in UP Town Center
Rappler - 2015-07-27
MANILA, Philippines - AyaGold Retailers, Incorporated, a 50-50 joint venture of Ayala Land Incorporated (ALI) and Puregold Price Club Incorporated (Puregold ... "In the case of UP Town Center, this could range from students to young professionals ...

SMDC launches 8,000 condo units
Manila Standard Today - 2015-07-26
SMDC executive vice president Jose Mari Banzon said in a recent interview the company was on track to launch 12,000 to 14,000 units in the entire 2015. "Our first half has been very strong. We expect it to accelerate in full year," Banzon said.

SBS Philippines pegs IPO price at P2.75 apiece
Manila Standard Today - 2015-07-26
Chemicals distributor SBS Philippines Corp. has set the final price for its planned maiden share offering at a maximum of P2.75 apiece. In relation to the planned initial public offering of SBS Philippines Corp., we would like to inform the Philippine ...

The deals, small and large, just kept coming in first half of 2015
Star Tribune - 2015-07-26
And 3M is moving forward with its biggest deal ever, the $2.5 purchase of Bloomington-based Capital Safety, a maker of safety equipment for the construction, drilling and ­mining ... Abra executive, became CEO in 2011. He has tripled the size of the ...

Citystate Savings Bank Cebu Branch now accepts jewelry as collateral for loans
BusinessMirror. - 2015-07-26
Your precious jewelry can now back up loans for extra cash or for supplementary business capital at Citystate Savings Bank (CSB) Cebu Branch. Aside from the lowest ever 2-percent interest per month, payment terms have been made easier. You can now pay your ...

Citystate Savings Bank Cebu Branch now accepts jewelry as collateral for loans
BusinessMirror. - 2015-07-26
Your precious jewelry can now back up loans for extra cash or for supplementary business capital at Citystate Savings Bank (CSB) Cebu Branch. Aside from the lowest ever 2-percent interest per month, payment terms have been made easier. You can now pay your ...

Tosoh renews bid for control of Mabuhay Vinyl
Manila Bulletin - 2015-07-25
After six years of delay, Tosoh Corporation of Japan is finally launching its bid to take full control of listed Mabuhay Vinyl Corporation ... "However, Tosoh received a letter from Metro Alliance Holdings and Equities Corporation (MAHEC) claiming ...

Maynilad: Water quality back to normal
MSN - 2015-07-24
Water distributed to households in Las Piñas, Parañaque and Muntinlupa is now free from the odd taste and odor caused by an algal bloom in Laguna Lake, Maynilad Water Services Inc. said yesterday. "The water quality produced by our treatment facility ...

GNPower prepares coal power plant in Lanao del Norte
thestandard.com.ph - 2015-07-24
GNPower Kauswagan engaged Shanghai Electric Power Construction Co., a subsidiary of Power Construction Corporation of China, for the engineering, procurement and construction of the $1-billion thermal facility in May. The plant will be equipped with ...

Mabuhay Vinyl owner
Manila Standard Today - 2015-07-24
Tosoh Corp. of Japan has signed an agreement to acquire nearly 235 million common shares owned by BDO Unibank Inc. in listed Mabuhay Vinyl Corp. Mabuhay Vinyl disclosed to the Philippine Stock Exchange Friday it received a copy of a letter from Tosoh dated ...

SEC sees rule vs delinquent firms to make doing business in PHL easy
BusinessMirror. - 2015-07-24
THE Securities and Exchange Commission (SEC) believes relaxing its stance against delinquent companies could help make doing business in the Philippines easy. In a statement issued last week, the SEC said it changed its policy on the petitions for lifting ...

Crown Asia Chemicals to grow on new batch of pipes, fittings
BusinessMirror. - 2015-07-24
CROWN Asia Chemicals Corp., a company known for its branded PVC pipes and fittings, is hoping that a new generation of materials of pipes that it is investing on will catch on with the consumers and construction industry. Walter Villanueva, the company ...

IMI unit acquires Bulgaria property
Philstar - 2015-07-24
MANILA, Philippines - A wholly-owned unit of Integrated Micro-Electronics Inc. (IMI) has acquired a parcel of land in Bulgaria to support capacity expansion. In a disclosure to the Philippine Stock Exchange, IMI said its wholly-owned and indirect ...

Metrobank shutting down ATM network for system upgrade
interaksyon.com - 2015-07-24
MANILA - Metropolitan Bank & Trust Company is shutting down its automated teller machine (ATM) network starting tonight for a system upgrade. In an advisory, Metrobank said the system upgrade starts 8 p.m. of July 24 and ends on 8 a.m. of July 26.

Metrobank shutting down ATM network for system upgrade
interaksyon.com - 2015-07-24
MANILA - Metropolitan Bank & Trust Company is shutting down its automated teller machine (ATM) network starting tonight for a system upgrade. In an advisory, Metrobank said the system upgrade starts 8 p.m. of July 24 and ends on 8 a.m. of July 26.

GMA Kapuso Foundation leads health programs in first half of 2015
GMA Network - 2015-07-24
An additional 30 beneficiaries also received partial dentures through the support of the Philippine Association of Private School Dentists and Emilio Aguinaldo College, School of Dentistry. A total of 122 individuals regained their confidence with their ...

PSE approves P1.15-B IPO of chemical trader SBS
GMA Network - 2015-07-24
Chemical trader SBS Philippines Corp. has been given the go-signal by the Philippine Stock Exchange to raise up to P1.155 billion from an initial public offering (IPO). The company will start selling up to 420 million primary common shares from July 28 to ...

Ayala's energy subsidiary bullish on hitting 1,000-MW target capacity next year
MSN - 2015-07-23
Last year, AC Energy reported it had completed renewable energy (RE) projects such as the 52-MW Northwind Power Development Corporation wind farm in Bangui, Ilocos Norte, and the 81-MW wind farm by North Luzon Renewable Energy Corp. (NLREC) in Pagudpud ...

IMI Bulgaria Invests EUR 1.14 M in Botevgrad Property to Expand Capacity
Novinite - 2015-07-23
The Bulgarian subsidiary of Integrated Micro-electronics Inc. (IMI) has acquired land and a building in the town of Botevgrad to meet its expansion targets, the parent company has revealed. The property has a total land area of 16,275 square meters (sqm.)

PBB acquires one more Bataan lender
BusinessMirror. - 2015-07-23
The Philippine Business Bank Inc. (PBB), having earlier acquired two smaller rivals, has purchased another lender in Bataan province for P63.9 million. PBB President and CEO Roland Avante said its board of directors approved on Wednesday the purchase of ...

Philippines' Ayala Corp building $1 billion coal-fired power plant
Economic Times - 2015-07-23
MANILA,: A unit of the Philippine conglomerate Ayala Corp said on Thursday construction of a $1 billion coal-fired power plant in the south of the archipelago was underway, as it reaffirmed plans to build an energy portfolio of up to 1,000 MW. AC Energy ...

Bargain hunting lifts Philippine stock index above 7,650
interaksyon.com - 2015-07-23
Advancers outpaced decliners, 95 to 76, while 45 issues were unchanged. Two oil and mining firms --Oriental Petroleum and Minerals Corp. and Semirara Mining and Power Corp. --were among the top gainers during the day.

Bargain hunting lifts Philippine stock index above 7,650
interaksyon.com - 2015-07-23
Advancers outpaced decliners, 95 to 76, while 45 issues were unchanged. Two oil and mining firms --Oriental Petroleum and Minerals Corp. and Semirara Mining and Power Corp. --were among the top gainers during the day.

Suntory sells cognac unit Louis Royer SAS to Terroirs Distillers for $105 million
Economic Times - 2015-07-23
which brought cognac brand Courvoisier into the group. Philippine liquor firm Emperador Inc had also submitted a bid in May to buy Louis Royer.

PSE okays SBS IPO; sales start July 28
Manila Bulletin - 2015-07-23
The Philippine Stock Exchange has approved the planned R1.16-billion initial public offering of SBS Philippines Corporation, a chemical firm owned by the Sytengco family. PSE documents show, SBS is planning to offer 420 million common shares, at a maximum ...

Holcim, TESDA promote "Galing Mason Awards 2015" in Cordillera.
news.pia.gov.ph - 2015-07-23
BAGUIO CITY, July 23 (PIA) - - Cement manufacturer Holcim Philippines, in partnership with the Technical Education and Skill Development Authority (TESDA) is calling for nominations of working masons in the region for the "Galing Mason Award 2015".

Travel to Cavite often? MCX aims to make that easier
www.autodeal.com.ph - 2015-07-23
With a total cost of P2.0-billion, the MCX is the first Public-Private Partnership (PPP) road project under the administration of President Benigno S. Aquino III. Together with the Ayala Corporation as the private proponent.

PCPIR PROJECT
Economic Times - 2015-07-22
Iran outlined plans for the rebuilding of its core industries, saying it was targeti...

Family welfare federations to hold 1st Mindanao summit
news.pia.gov.ph - 2015-07-22
In a statement during the launching, NMFFWC chairman, Florita B. Quijano of Mabuhay Vinyl Corporation said all organized and non-organized family welfare committees in the regional level are encouraged to allow the participation of their safety officers to ...

Macroasia cuts stake in catering unit, sets up P300-M subsidiary
Manila Bulletin - 2015-07-22
MacroAsia Corporation has sold down its stake in subsidiary MacroAsia Catering Services, Inc. (MACS), the dominant airline catering company in the Philippines, in favor of joint venture partner SATS (Singapore Air Terminal Services), Ltd. (SATS).

SMC bares Liberty tender offer
Manila Standard Today - 2015-07-22
The telecommunications unit of San Miguel Corp. is making a bid to purchase all the publicly-held stake of Liberty Telecom Holdings Inc. at a price below the market. San Miguel said in a report to regulators it was earmarking P491 million to purchase 223 ...

IMI subsidiary acquires property in Bulgaria
Manila Standard Today - 2015-07-22
Integrated Micro-Electronics Inc., one of the leading worldwide providers of electronics manufacturing services owned by conglomerate Ayala Corp., said a unit has purchased a property in Bulgaria for P56.4 million (1.14 million euros). IMI said in a ...

Ayala's electronics unit spends $1.25M for Bulgaria plant
Rappler - 2015-07-22
MANILA, Philippines -- Integrated Micro-Electronics, Incorporated (IMI), the electronics arm of Ayala Corporation, spent EUR1.14 million ($1.25 million) to acquire a property that will expand its manufacturing capacity in Bulgaria. "IMI announced that ...

Ayala electronics firm's Bulgaria unit ditches lease, acquires property
interaksyon.com - 2015-07-22
MANILA - Ayala-led Integrated Micro-Electronics, Inc. (IMI) on Wednesday announced its wholly-owned and indirect subsidiary in Bulgaria acquired a property in Botevgrad for 1.14 million euros. IMI Bulgaria has executed a transfer of property from Melexis ...

Angat Dam to undergo rehab after 5 decades
Rappler - 2015-07-22
The Angat Dam and Dyke Strengthening project aims to increase the ... that amounts to P261million and flood control protection amounting to P292 million.) San Miguel Corporation's subsidiary SMC Global Power and Korea Water Resources Corp (K-water) are ...

IMI's Bulgaria unit buys property for capacity expansion
GMA Network - 2015-07-22
Integrated Microelectronics Inc. (IMI) on Wednesday said subsidiary Integrated Micro-Electronics Bulgaria EOOD (IMI BG) acquired a 16,275 sqm. property from Melexis Bulgaria EOOD to help meet its capacity expansion. In a disclosure to the Philippine Stock ...

Globe buys rest of BayanTel
Manila Standard Today - 2015-07-21
Globe Telecom told the stock exchange it would purchase from Bayan Telecommunications Holdings Corp. and Lopez Holdings Corp. all the equity in the capital stock of BayanTel held by BTHC and LHC, valued at about 1.83 billion. The transaction involves up to ...

Tencent Ambition to Drive Xurpas Acquisitions in Southeast Asia
Bloomberg - 2015-07-21
Xurpas Inc. wants to be the Tencent Holdings Ltd. of Southeast Asia. The largest Philippine information technology company is in talks for more acquisitions in the region after investing in computer-gaming businesses in Singapore and Indonesia, President ...

The convenience of the automatic-debit arrangement
BusinessMirror. - 2015-07-21
The ADA participating banks include Bank of the Philippine Islands, Banco de Oro, Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Philippine Savings Bank and United Coconut Planters Bank. By joining the ADA ...